Small Changes Big
Profits
Residual Income
provide true Financial Freedom
yield valuable benefits and features
which could profoundly impact your entire future...
What is
Residual Income all about?
"Residual income is the reason that mlm
opportunities can be so lucrative. It's the reason why
lots of new millionaires
made their money in it, and who
knows how many settled for just half a million?"
Residual income, also known as royalty income, is income
that you keep on getting for months or even years after the
work you did to earn it is finished. So, for instance, a
song writer will get royalties on his song every time it is
played on the radio, even years afterwards. The royalty for
songs and literature lasts throughout the author's lifetime,
plus 50 years, paying a small amount for each airplay, which
can add up to a lot of money over the years. A big hit
brings in a huge amount, which gradually fades down to a
tiny trickle over the years, depending on the popularity of
the artist.
How do you make residual
income?
Not everybody is a pop singer
or a book writer best seller, though! So why do people
online go on about this so much? How can ordinary
people make residual income?
No, no. There's no need to worry. The way to earn
residual income does not necessarily involve any writing
skills at all. For example, you can make residual income as
interest on shares. But you may prefer not to invest large
amounts of cash in an institution that can drop through the
floor and take all your hard earned
money from you
overnight.
Another possibility is investing in property. Buy a house,
do it up, and rent it out or sell it on for a profit. A lot
of work. A lot of up-front investment. And no guarantee the
housing boom is going to continue long enough for you to
even get your initial investment back.
But there is another way...
Looking for a
residual income online
The way to earn residual income
that you have been stumbling across all over the net is
almost certainly a variation of the type of
opportunity known as MLM. There are many of these online, all offering
different products, different pay plans, different startup
costs and different trading zones.
At first glance, they all seem much of a much-ness,
but look again and you will find there are many pitfalls for
the unwary. It's important to do your homework, and check
out exactly what is on offer for your initial investment.
But it's definitely worth the effort. After all, residual
income is the reason that MLM business opportunities can be
so lucrative. It's the reason why as many as 10% of new
millionaires made their money in MLM... and who knows how
many settled for just half a million, or less?
Finding a network marketing business
Obviously, the level of investment is a factor for most of
us, but in general, you will probably find the required
investment is pretty minimal, far less than setting up your
own business or buying a franchise. once you've scraped
together enough for your initial investment, it's time to
find the MLM for you.
Is it legal?
The first thing you absolutely need to consider is: does
this opportunity follow the rules governing network
marketing businesses? You probably know that pyramid selling
is illegal. Many people believe that MLM and pyramid selling
are the same thing. This is not the case, as MLM is
completely legal. So, how do you tell them apart?
As a swift rule of thumb: if you earn your money from sales
or from getting customers (or recruiting others who sell or
get customers), then it is a legal
MLM business; if money is paid out merely for recruiting
other representatives, with no customers or sales involved,
then it is an illegal pyramid scam. Steer well clear!
Pick a product you can be proud of, at a good price. It's
much easier to sell something you consider to be worthwhile.
How sincere can you be about a shoddy item, or one that is
overpriced? Before you can convince customers to buy, you
have to convince yourself.
Once you have eliminated products and services that you
can't work with, you will probably find you have reduced
your choices to a more manageable number. This is the time
to compare the companies you are looking at.
Choosing like from like Right, so
you have a number of network marketing businesses to choose
from, all within your investment budget, with products and
markets you can deal with confidently. The next step is to
check out how much is the initial
investment? how long does this cover you for? a year? a
month? is the product a 'pre-sold'
consumable? (e.g.. gas, water, telephone,
broadband,
electricity) do you need to keep stock? if so,
do you have to pay for your initial stock on top of
your initial investment? how much
space will you need for storage?
is this a perishable product? if so, how long before you
have to throw it away? what is the
company's policy on returns? is a
website included in the package, or do you have to pay extra
for this?
In general, holding stock, dealing with deliveries and
returns, is a nightmare and best avoided. No matter how
wonderful your product, people
will change their minds, send things back, and repeat
business is not guaranteed.
The best product is what is called a pre-sold consumable;
these are products your customer uses regularly, and is
billed for monthly or quarterly.
So long as your product is well priced and properly
supported by the company, you will find the highest levels
of residual income from these products. They have the added
advantage that you never have to deliver electricity in the
rain, or pay a refund for unwanted water and then wait for
the company to reimburse you.
You may think a website is unnecessary. But, really, here
you are trying to find an opportunity on the net. If you do
set up in MLM, you will be trying to recruit others to work
in your downline. Don't you think a website would be a good
idea? Yes, I know you can set o要e up for yourself, but
unless you are wealthy enough to pay someone, or skilled
enough to write your own, it's not going to be a patch o要
what you would expect. You have to have something that can
impress a potential prospect. It should both sell your
product and act as an aid to recruitment. In the longer
term, perhaps you will want to augment your free site with
others, but when you first start, a good quality free
website is a definite plus.
What about the residuals?
You should look at the potential residual income with care.
The main rule to remember is: avoid 'forced matrices'. If
you have a choice between o要e MLM with a forced matrix and
o要e without, go for the o要e without. The forced matrix
restricts your income.
Are you
ready to earn residual income online?
Start your own financial freedom society home business and start
making residual income at home?
